Business
1-800-FLOWERS.COM, Inc. Reports Record Revenues for its Fiscal 2021 Fourth Quarter and Full Year; Company Guides to Continued Double-Digit Revenue Growth in its Current Fiscal 2022 Full Year
Fourth Quarter Highlights: Total Net Revenues increased 16.5 percent to $487.0 million, compared with $418.0 million in the prior year period. Net Income and
About this update from 1-800-flowers.com, Inc.
[{"type":"text","content":"\nFourth Quarter Highlights:\n\n\nTotal Net Revenues increased 16.5 percent to $487.0 million, compared with $418.0 million in the prior year period.\n\n\nNet Income and Adjusted Net Income1 was $13.3 million, or $0.20 per diluted share, compared with Net Income of $9.8 million, or $0.15 per diluted share, and Adjusted Net Income1 of $15.1 million, or $0.23 per diluted share in the prior year period.\n\n\nAdjusted EBITDA1 was $30.2 million, compared with $32.5 million in the prior year period, primarily reflecting historically low digital marketing rates related to the onset of the COVID-19 pandemic in the prior year period.\n\n\nFull Year Highlights:\n\n\nTotal Net Revenues increased 42.5 percent to a record $2.12 billion, compared with $1.49 billion in the prior year, reflecting strong growth across the Company’s three business segments.\n\n\nNet Income was $118.7 million, or $1.78 per diluted share, compared with Net Income of $59.0 million, or $0.89 per diluted share, in the prior year period. Adjusted Net Income1 increased 88.6 percent to $122.6 million, or $1.84 per diluted share, compared with $65.0 million, or $0.98 per diluted share, in the prior year.\n\n\nAdjusted EBITDA1 increased 64.5 percent to a record $213.1 million, compared with $129.5 million in the prior year.\n\n\n(1 Refer to “Definitions of Non-GAAP Financial Measures” and the tables attached at the end of this press release for reconciliation of Non-GAAP (“Adjusted”) results to applicable GAAP results.)\n\n JERICHO, N.Y.--(BUSINESS WIRE)--\n1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), a leading e-commerce provider of products and services designed to inspire more human expression, connection, and celebration, today reported results for its Fiscal 2021 fourth quarter and full year ended June 27, 2021.\n\n\nChris McCann, CEO of 1-800-FLOWERS.COM, Inc., said, “We are very proud of our record top and bottom-line results for fiscal 2021. These achievements, in what was both an incredibly dynamic and challenging year, reflect the dedication of our associates across the Company who worked diligently to overcome the unprecedented hurdles of the global pandemic to help millions of customers stay connected and express themselves to the important people in their lives.” For the year, McCann noted that the Company had achieved a significant milestone, surpassing $2 billion...